Bank of America Corp. (NYSE:BAC) -- Bi-Monthly Update
BofA has been notably anemic for the past four months and my weekly study of all my High Profile Financial / Major Regional Banks is telling me WHY. A Pull-Back could well be in the making for (BAC) as well as for the Banking Industry. This is a study that is fun because I have disliked what Banks represent in today's economic world for a very long time. I have spent a great deal of time and have much experience in the study of Banking Companies like (BAC). They are definitely not on my "Good Guys" List, but I will buy and own them when they Forecast being profitable.
My objective is to identify changing trends for my Forecasting Analytics. Simple stated, I want to have current notes to quickly refer to on the anticipated direction of this Sector and Industry Group.
This Bi-Monthly Commentary on - Bank of America Corp. (BAC) - covers all of my Indicators, both Fundamentally for Valuations and Technically for Momentum. There is much to cover to provide my best possible Forecast and Opinion.
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Income Investors ( BofA offers a very meager Dividend of just 0.26% )
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The Difference Between You and the Pros: Clearly you should be profitable and making money by owning Bank of America. Via my Emails, I have found that many Investors are struggling with other securities they are holding. I have offered direction to hundreds of Investors and can share with you why you are perhaps holding losing securities and provide a conservative and low risk remedy.
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Forecast & Opinion from my Study / Analytics:
Bank of America Corp. and other Financial / Banking Sector Companies are tracking the General Market well. (BAC) has been in Up-Trend since my positive Forecast of late 2011 it is always an excellent contributor to my Analytics.
Forecasted Performance - - - Bullish Cycle - - But Weakening:
The below Table is for your review, questions and perhaps thoughts. If you are seeking, what I call "Pazazz Performance" - - please Email me to open a dialog.
Typically, "Pazazz Performance" definitely does come from Companies like (BAC). In good times this Company does the job quite well along with paying a meager dividend. In bad times this Company will stone you to death. 2008 to 2009 it dropped from over $40. to $3. That is a Warning and so are my 20 year charts!
Bank of America Corp. (BAC)
Forecasted Bullish "Alerts"
At this time (BAC) remains in a Bullish mode and has produced an annualized profit - over the past year (plus) of about +82%. (that's per year - not including dividends).
It, however is currently giving -- both Fundamental and Technical - - Bearish "Warnings" that if ignored will be costly.
Forecast Bullish "Alert" -- Initiated:
July, 2012 @ $7.50
Performance to Date: +87%
Click on the Green Arrow to read my Archive of my most recent and past Articles, on B of A - - including my on going Forecasts and Opinions.
Forecasting gives you time to think, do your homework, and get it right! The Marketplace - - Doesn't Offer That Choice!
Thanks for your interest in my Forecasts - work / analytics . . .
My Current Forecast is not as bright as you may think! (I will be more specific upon request).
If you own or are considering owning Banking Companies, the securities becoming suspect for a Pull-Back. Bank of America Corp. is currently relatively strong Technically but I have reservations about my Fundamental Valuation, there I have placed it on an Initial Bearish Forecast - "Warning."
My Analytics (weighting) for my Fundamental Valuation play a vital role in profitable managing money. At this time my Valuations of (BAC) are not as positive at perhaps you are being told by other sources. Plainly stated they are improving but not very impressive. Alternate and similar Companies are showing much better Fundamentals.
My Current Opinion is to HOLD in anticipation of taking profits. Caution is Warranted.
Fundamentally (weighting - - 40%): My Analytics for my Fundamental Valuation play a vital role in profitable managing money. At this time my Valuations of (BAC) are not as positive at perhaps you are being told by other sources. Plainly stated they are notably Descending again however remain quite positive. Unfortunately, this does not make for a positive fundamental valuation of any Company.
Technically (weighting - - 35%): Even with this fine Company, my Indicators are notably breaking down. It is only currently slightly off its highs of $15 selling for $15. The next General Market rally is in place and that will tell a compelling story as to the future direction of the price of (BAC).
I will personally and promptly reply to any serious investor's inquiry as to my very cautious position for (BAC) !
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A Twenty Year Perspective of Bank of America Corp. (BAC)
It has NOT always been like you are being told by so many who do not take the time to "Investing Wisely" and doing their homework well. Bank of America Corp. (BAC) has taken some big hits over the years. Check out my Chart, it should be an eye-eye-opener.
URL for (20-years of -(BAC): http://stockcharts.com/h-sc/ui?s=BAC&p=W&yr=20&mn=0&dy=0&id=p11575107468&a=300758176
"Selectivity" is what I preach (along with Patience and Discipline) and is what separates the Average Investor and Mutual Funds from the profits that come with long-hours / hard work and "Selectivity." You might like to read my most-recent article on why I believe Selectivity is so critical for profiting in today's Marketplace. You might want to check out "Be Selective II - Just Click - - > https://seekingalpha.com/instablog/121308-steven-bauer/2066602-flash-update-be-selective-ii
Here are a number of the Component Companies / Peers in the Major Banking Industry Group that I focus on rather frequently: BAC, C, WFC, JPM, KEY, USB, FITB, BK, STI, BBT, PNC, STT, CMA, NTRS, MTB, BKU.
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